1. |
Name
of Holder:
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2. |
Date
of Grant:
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3.
|
Maximum
Number of Shares for which
this Option is
exercisable:
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4.
|
Exercise
(purchase) price per share:
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5.
|
Payment
method:
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6.
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Expiration
Date of Option:
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7.
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Vesting
Schedule: This
Option shall become exercisable for 1/3 of the maximum number of
shares
granted on the first anniversary of the Date of Grant, and shall
become
exercisable for an additional 1/3 on the last day of each year thereafter;
so that the Option shall be fully vested on the third anniversary
of the
Date of Grant. All vesting shall cease upon the date of termination
of
employment or termination of the provision of
services.
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8.
|
Termination
of Employment or Provision of Services. This
Option shall terminate on the earliest to occur of:
|
(i) |
the
date of expiration thereof;
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(ii)
|
immediately
upon termination of the Holder’s employment with, or provision of services
to, the Company by the Company for Cause (as defined in the
Plan);
|
(iii)
|
thirty
(30) days
after the date of voluntary termination of employment or provision
of
services by the Holder (other than upon death,or for Disability or
Normal
Retirement, each as defined in the Plan);
|
(iv)
|
ninety
(90) days after
the date of involuntary termination of the Holder’s employment with, or
provision of services to, the Company by the Company without Cause
(as
defined in the Plan), or termination of the Holder’s employment or
provision of services by reason of Disability or Normal Retirement
(each
as defined in the Plan); or
|
(v)
|
180
days after the date of termination of the Holder’s employment with, or
provision of services to, the Company by reason of
death.
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9.
|
Lock-Up
Agreement. The
Holder agrees for a period of up to 180 days from the effective date
of
any registration of securities of the Company under the Securities
Act of
1933, as amended (the “Securities Act”), upon request of the Company or
underwriters managing any underwritten offering of the Company’s
securities, not to sell, make any short sale of, loan, grant any
option
for the purchase of, or otherwise dispose of
any
|
10.
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Tax
Withholding.
The Company’s obligation to deliver shares shall be subject to the
Holder’s satisfaction of any federal, state and local income and
employment tax withholding
requirements.
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11.
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Notice.
Any
notice to be given to the Company hereunder shall be deemed sufficient
if
addressed to the Company and delivered to the office of the Company,
One
Gateway Center, Suite 504, Newton, Massachusetts, 02458, attention
of the
president, or such other address as the Company may hereafter
designate.
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